N2 Enterprises Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08659333 (England and Wales)

N2 ENTERPRISES LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N Fritzsche

N Woodmansey

REGISTERED OFFICE:

6 Lincoln Road

Caythorpe

Nr Grantham

Lincolnshire

NG32 3DD

REGISTERED NUMBER:

08659333 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Tangible assets

2

1,567

2,092

CURRENT ASSETS

Debtors

4,685

1,220

Cash at bank

13,240

2,988

17,925

4,208

CREDITORS

Amounts falling due within one year

10,190

3,977

NET CURRENT ASSETS

7,735

231

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,302

2,323

PROVISIONS FOR LIABILITIES

313

418

NET ASSETS

8,989

1,905

CAPITAL AND RESERVES

Called up share capital

3

4

2

Profit and loss account

8,985

1,903

SHAREHOLDERS' FUNDS

8,989

1,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 December 2016 and were signed on its behalf
by:

N Fritzsche - Director

N Woodmansey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

2,789

DEPRECIATION

At 1 September 2015

697

Charge for year

525

At 31 August 2016

1,222

NET BOOK VALUE

At 31 August 2016

1,567

At 31 August 2015

2,092

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

B

£1

2

-

4

2

2 B shares of £1 each were allotted and fully paid for cash at par during the year.